ADA Drops 7.89% Amid Treasury Discrepancy and Surging Volume After Month of Gains

Cardano (ADA) is currently trading at $0.7483, reflecting a 7.89% decline over the past 24 hours, with the 24-hour open at $0.8124; trading volume has increased by 5%, and the market capitalization stands at approximately $23.8 billion. The recent price drop follows a period of strong monthly growth and heightened investor activity, including a 27% surge over the past month, increased whale accumulation, and significant exchange outflows totaling over $932 million, which previously fueled bullish sentiment. However, the latest 24-hour decline appears to be influenced by broader market volatility and emerging concerns over a reported $600 million discrepancy in Cardano’s treasury funds, which has raised transparency and governance questions, potentially impacting short-term investor confidence despite ongoing technical and ecosystem developments.